If you have an existing insurance with Geico or planning an insurance with GEICO, this will help you. Also you need to have a brokerage account to buy the shares into. If you already have both Geico and also own some shares of BRK.B / BRK.A call Geico and ask for "Berkshire Affiliation Discount". If you have other affiliation discounts, then this doesn't apply.
1. Buy One or more shares of BRK.B into your brokerage account. This is the stock you need to buy to get discount
https://www.google.com/finance?q=NYSE%3ABRK.B
2. Call GEICO customer care 1-800-861-8380 and inform them that you are a share holder of Berkshire Hataway and you want to add affiliation discount program to your account.
They do not check if you really own the shares. Also they won't ask how many shares you own. So buying just one or two will be ok. Also once you are in the discount program you can sell the shares.
For the people who are wondering why GEICO give you discount for owning a stock of Berkshire,
Berkshire is a Holding company headed by Warren Buffet and owns mejority of Geico Insurance Company.
http://boards.fool.com/geico-10-s...t=username
http://forums.anandtech.com/showt...?t=2306551
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j/k LOL I've had GEICO all my life so might be worth checking into; might save me about $50. Thanks OP!
j/k LOL I've had GEICO all my life so might be worth checking into; might save me about $50. Thanks OP!
THANKS Uncle Warren!
https://www.geico.com/about/spons.../partners/
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EDIT: NVMD, just looked at fund prospectus, it's one of the top 10 holdings. Means I should be able to get this discount, right?
EDIT: NVMD, just looked at fund prospectus, it's one of the top 10 holdings. Means I should be able to get this discount, right?
Nice reminder that I already own some. 8% will allow for a few more Slickdeals purchases... I'm good with that.